As part of Saudi Vision 2030, a strategic framework aimed at reducing Saudi Arabia’s dependence on oil and diversifying its economy, the Ministry of Industry and Mineral Resources developed the New Mining Investment Law (the New Law). One of the main goals of the New Law is to attract more local…
Some two years since its establishment in 2018 and just months after the issue of its license in January this year, Securities Clearing Center Company (“Muqassa”) announced the commencement of its operations on 30 August 2020.
The Capital Market Authority (CMA) continues to drive the development of the Saudi capital markets in furtherance of…
The government has prepared urgent initiatives to support the private sector, especially small and medium enterprises (SMEs) and economic activities most affected by the pandemic. Generally speaking, it is providing exemptions and postponement of certain government dues (whose value is in excess of approximately SAR 70 billion) to provide liquidity…
Baker McKenzie’s EMEA Employment and Compensation Team is pleased to provide you with this quick guide for employers,…
What has changed? The Ministry of Commerce and Investment in Saudi Arabia (“MoCI”) adopted the Implementing Regulations of…
DOWNLOAD ALERT On 25/1/1441H (corresponding to 24 September 2019), the Board of Directors of the General Authority for Competition (the “Authority”) issued the anticipated implementing regulations (the “New Implementing Regulation”) to the new Competition Law issued by Royal Decree no. M/75 dated 29/6/1440H (corresponding to 6 March 2019 (the “New…
Read publication Welcome to the October 2019 edition of our newsletter. The EMEA Healthcare Industry Group Newsletter is…
Despite geopolitical shifts, uncertainty and various factors that seem to affect numerous sectors, the global luxury and fashion…
Over the past week, various reports from news outlets and other sources have suggested that some of the restrictions on the movements of goods between the United Arab Emirates (UAE) and Qatar imposed by the UAE, Saudi Arabia, Bahrain and Egypt (Boycotting States) in June 2017 as part of the…